If I get a 1099-C with a Code F do I need to file it?
Paid an old car loan debt settled for less then org. amount.
026001
2 Replies
MargaretL
Expert Alumni
May 31, 2019 8:05:51 PM
Yes, you do have to file 1099-C. All code F means is that the debt is cancelled as a result of agreement. But it is cancelled and therefore needs to be reported.